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Peak Rare Earths Limited (ASX:PEK)

ALERT: Price-sensitive ASX Announcement for PEK
Current share price for PEK : $0.440 0 (0%)+
Announcement
Release
19 Sep 2025 2:14PM
Price at Release
$0.440
Full Release
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Summary
The Scheme of Arrangement for Peak Rare Earths Limited, involving the acquisition by Shenghe Resources (Singapore) Pte. Ltd., has been legally approved by the Supreme Court of New South Wales and is now effective. Consequently, Peak shares will be suspended from trading on the ASX, with the Scheme Consideration per share set at $0.443. Payments to eligible shareholders are scheduled for 30 September 2025, with Peak's delisting from the ASX planned for 1 October 2025.
Key Points
  • The Scheme of Arrangement for Peak Rare Earths Limited has been approved and is now legally effective.
  • Peak Rare Earths Limited is to be acquired by Shenghe Resources (Singapore) Pte. Ltd.
  • The Scheme was approved by the Supreme Court of New South Wales.
  • Peak shares will be suspended from trading on the ASX following the Scheme's effectiveness.
  • The Scheme Consideration per Peak share is set at $0.443.
  • Eligible Peak shareholders will receive the Scheme Consideration on 30 September 2025.
  • Peak will be delisted from the ASX on 1 October 2025.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.